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Revision as of 21:35, 13 September 2026
One more week until Tax 24-hour period. Have you filed yours yet? I haven't (probably should onboard that, actually), and when I read in USA Today that roughly 47% of Americans won't even have to worry about paying federal income taxes, I start to wonder if I ought to even bother. Oh sure, there's the threat of prison time for tax evasion, but really, what's the point if half the damn country isn't going expend up and get off scot-free? Debt forgiveness, you see, is treated as taxable income.
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With a C-Corporation in place, can certainly use its lower tax rates. A C-Corporation begins at a 15% tax rate. Situation tax bracket is compared to 15%, there's always something good be saving on distinction is the successful.